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with the oracle chairman and ceo larry ellison coming up. i'll see you tomorrow. >>> and it is 4:00 on wall street. 1:00 p.m. in san francisco. do you know where your money is? hi, everybody. welcome back to the "closing bell." big reversal of fortune in the final hour of trading. i'm maria bartiromo. here's what we're following at the close. mixed market on wall street today. the dow climbing 52 points early in the trading session giving back all those gains and them some, but coming back by the close. the nasdaq closing in the green due to a big late day gain by apple. a complete reversal there as well. the dow jones industrial average closing down just about 30 points after coming back from that early day loss. what should you do? what do you make of another late-day swing? a trio of top strategists will be weighing in coming up in the program. then a rare and exclusive interview for you with larry ellison. the stock has been on fire. we have so much to get with him, including if oracle is looking to do more deals. plus, his take on apple's future without his close friend steve jobs. and interv
of oracle corp, mark hurd. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to "the closing bell." i'm maria bartiromo coming to you today from san francisco. we're following up the close this monday night. stocks losing steam in the final hours of trading today. dow industrials had a rip roaring day, thebest, up as many as 161 points. after stronger than expected manufacturing data set the tone this morning for this market. stocks gave back much of the gains after federal reserve chairman ben bernanke defended the central bank's latest bond buying stimulus program. is that a red flag that this fed-fueled rally is in trouble? top strategists are weigh in tonight. take a look at how we're finishing the day on wall street. as you can see, things settled out, dow jones industrial average held on to a double-digit move, although well off of that 161-point rally. the nasdaq went negative, although it, too, came back off of the worst levels finishing flat on the session. that had everything to do with apple. apple stock today d
there may be a gas odor in the area. >>> howard street is closed through thursday. oracle's ceo kicked thins into high gear last night. lilian kim says he promised the fastest data processing yet. >> reporter: larry ellison took to the stage before a packed room of 10,000. he kicked off the five-day vent with several big product an hundredsments. >> oracle 12c, the c is for cloud. it is the first multi-tenant database in the world. >> reporter: it has been in development for more than four years. it is supposed to be vastly more efficient than traditional databases. he announced the oracle private cloud which can be kept behind the customer's own security firewalls. then the x-3 designed to store all databases in memory can >> if you thought the old datas were fast you ain't seen nothing yet many >> reporter: his keynote address was his first of two scheduled speeches. 50,000 registered for oracle's 30th annual conference. some say while the devil is in the details, they did like what they heard confidentiality is very important. therefore, giving us the infrastructure that we could have in
nicely into san francisco, oracle open world will have streets blocked howard street, blocked between third and fourth for rest of the week expect delays south of market in that vicinity. southbound 17 earlier stall at summit blocking right lane, out of lanes coming into san francisco, stall 101 at 80 split, might be finding slowinging there. with all events, america's cup starting tomorrow, fleet week later in the week, hardly strictly bluegrass, waze app would be a great way to get around san francisco slowing through lombard coming into san francisco from the bay bridge. abc7news.com/waze for this free app that will help you get around some of these traffic jams. >>>:09. >>> children and television, the new research that says leaving the tv on in your house can be harmful to young ones. >> could there be a shortage of diapers? the disaster half a world away that may impact global supply. >>> hotel attack. serious accusations actress lindsay lohan is making i moved to new york to work in fashion. i came here with just a suitcase, maybe two. and luckily i found an apartment just thre
have to keep current not just on old stuff. oracle makes software that does credit card to airline and hotel reservations, oracle world runs through thursday. >>> another ban, not just grocery shoppers who will byob. >>> walking for a cause while making a point. why a grass-roots vo: for years, sacramento politicians have chopped away funds for our schools. today, we're forty-seventh out of fifty in per-pupil funding. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. >>> attention san francisco shoppers, bring your own bag or it will cost you. starting tomorrow a citywide ordinance banning the use of plastic bags will go into effect for all retail stores. currently the ban only effects large super markets and pharmacies. don't have a bag? well, you will be charged 10 cents for every paper
are oracle team usa, second oracle team, by russell cuts. and the team known as pirana and sword fish, team korea, energy team, arnamit white, red. and jq morgan and the china team and so we look forward to welcoming them all back into town and on to the great bay. very exciting. as i mentioned we will be holding fleet week at exactly the same time. flee week will be october 3 to the 8th. so it will begin officially a day after the practice session for the america's cup. fleet week was started in 1981 and has a long tradition here in san francisco. it was started by mayor diane finestien and it is the third year that it is used not just to celebrate the men and women in the military services but also to bring together leaders from around the bay area and the federal agencies with the state agencies and the local agencies so that in the event of a disaster, situation, or an imagine situation, we have met each other and compared notes and we have a working relationship, and that was a vision embraced or created by general michael myatt a retired general who heads our fleet week committee and
and bakeries next year. >>> san francisco mayor ed lee is scheduled to make welcoming remarks at oracle's 2012 conference tonight. more than 50,000 people are expected to tearnldz the event -- attended the event in san francisco. oracle's c.e.o. is expected to announce a revamp of the company's database system at that event. oracle is also expected to reveal new servers for computing. >>> you may want to check the status of your flight if you're flying out of san francisco international airport today. one of the primary runways is closed and that could cause some delays. this is the final weekend of the runway closures for work to install new lights and safety features. airport officials say air traffic should return to normal by tomorrow morning. today is a spare the air day. officials are asking people to avoid driving or using gas powered equipment in order to cut down on unhealthy air pollution. people are also being asked to take public transit or use other alternatives such as carpooling. >>> so if yesterday you're thinking to yourself the weather is great but would like it a smidge warm
oracle conference starts tonight. find out who will welcome the thousands on hand. also, a piece of history buried below the streets of san francisco. we'll show you the unusual find. >> and here is a live look from our roof cam showing you a bit of the embarcadero and looking out towards the bay bridge. beautiful day on tap, rapid warmup and a heat wave. lisa argen will have your forecast in just a few "and what's your name?" "oh, it's flo." "and what do you do?" "oh, i sell insurance like no one else." "oh, that's nice." "thank you." now, that's progressive. call or click today. >> carolyn: paradise by the bay also known at san francisco. it is 9:40. last sunday in the month of september. we appreciate you getting up and watching the abc7 sunday morning news. beautiful day on tap. lisa argen will be along with a full accu-weather forecast. >> an unusual find in san francisco, part of the old city hall destroyed by the big quake and fire and after demolition more than a hundred years ago. crews discovered the ruins about two blocks where the current city hall now stands. >> peop
to face president oe be ma. >>> oracle's open world 2012 has kicked off. what larry ellison debuted at today's event. >>> as residents fume on the latest fire in richmond, we learned lawmakers are getting ready to make a pitch to the refinery. the project at stake. >>> many people living in richmond have been highly critical of chevron following that recent mass ive fire at the refinery. ktvu has learned that the city will reach out to chevron hoping that the oil company will help revitalize the area. the city council is expected to make that request later this week in a story you will only see on 2. >> reporter: look in downtown richmond and you will see the signs, richmond welcomes lbnl. a major gift that the city wants to build upon with chevron. >> we're urging chevron to help create a research campus in richmond most particularly at marina bay because that's where berkeley labs are coming in. >> reporter: tom butts says the idea is with lawrence berkeley labs and chevron marina bay could become a mayor green tech center instead of what it is. a collection of empty office buildi
. >>> or wall world brings in 50,000 to -- oracle world brings in 50,000 that -- the show expected to help pump 120 millions into the local economy and will coincide with america's cup racing world series -- a lot of people coming to town for that and what is going on, on the bay they will want nice weather. >>> it seems no matter what you got a breeze on that bay you are never going to let down a sailboater. >> the weekend will have a breeze will challenge them. right now a look at some of the cloud cover, fog creeping across san francisco as we look to the east from mount sutro. live doppler in search of patches of wet weather this morning, live doppler not seeing any of that wet weather because it is not there. fog made of mist hanging in the air not falling. let's talk about temperatures, dress for 40s north, still upper 40s santa rosa napa, latest temperatures around the rest of our neighborhoods 50 antioch at 60, locally dense none ray bay and inland mid 50s here. sunshine about an hour slower today, patchy fog possible again tonight excessive heat this weekend will spread to the coast pr
to face president oe be ma. >>> oracle's open world 2012 has kicked off. [ male announcer ] this is the opposite of subliminal advertising... there's no subtext... just tacos. yeah, it's our job to make you want it. but honestly... it's not that hard. old el paso. when you gotta have mexican. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah, blah, blah. if i had a sleepover, i couldn't just move the tv into the playroom. no, we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver. only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. >>> many people living in richmond have been highly critical of chevron following that recent mass ive fire at the refinery. ktvu has learned that the city wi
software-maker oracle. the finnish cell phone company is giving oracle access to its mapping services. financial details of the deal were not disclosed. but the move comes as nokia recently signed mapping deals with groupon, and amazon. last week apple's c.e.o. apologized for the shortcomings of its new map service. >> susie: and american express has agreed to pay millions of dollars in refunds to settle accusations from regulators that it deceived customers. the violations include: unlawful late fees, misleading consumers about debt collection, and age discrimination. amex will pay more than $100 million in fines, and give payouts to about 250,000 customers. consumers that qualify will receive payments by next march. >> tom: the early optimism by investors and traders faded throughout today's stock session with the major indices ending mixed. the s&p 500 shot up to its highest price of the day just after 10 a.m. eastern time on the heels of the better than expected manufacturing data. but prices trended lower throughouthe session, ending up 0.3%. trading volume was 671 million shares
. >>> elsewhere, on the heels of apple's flawed debut of the flawed map app, oracle customers will have access to nokia's data and location services. >>> hewlett packard is set to roll out a new device that will work with microsoft's new windows 8 operating system. the elite pad 900 comes at a time when, according to new research from the pew center, half of all adult americans now own either a tablet computer or a smart phone. >>> and finally, who says that crime doesn't pay? two guns that belonged to famed partners in crime bonnie and clyde sold to an anonymous buyer for just over half a million dollars at an auction over the weekend. >>> a quarterback makes history, and nfl teams break out a bag of tricks. >>> plus, a colossal collapse at golf's ryder cup championship. your early morning sports headlines are straight ahead. >>> and all the heavy rain over the weekend and this morning in the southeast is on the move. i'll tell you where it's heading coming up. you're watching "early today." >>> well, good morning. if you're just waking up, this is "early today." in sports, the europeans play
products being unveiled by oracle. >>> caltrain computers will see changes this morning. what you can expect if you are riding the rails to work later. here you go little man. [ humming ] [ babbling ] the cheerios bandit got you again? [ both laugh ] ♪ the one and only, cheerios ...and now... you! [ giggles ] ♪ the one and only, cheerios
for a special interview oracle cofounder and ceo and the third richest american larry elliston will be our special guest. keep it here where wall street meets main street. have a great week, everybody. i will see you next weekend.
tech event. the big announcement oracle is making. >> complete bay area news coverage starts right now this is ktvu channel 2news at five. >> good evening. i'm ken wayne. >> i'm heather hoppings. we start this 5:00 hour with breaking news out of san carlos where a shooting crash has shut down a portion of southbound highway 101. the police say an parent shooting victim was involved in a crash near the holly street exit. authorities say a vehicle was seen swerving before it veered off the roadway. we don't know the extent of the victim's injuries. the traffic is stopped in the southbound lanes and some people were standing outside of their cars. if we get more information on the breaking story we will of course bring it to you during the course of this newscast. >>> now to developing news that we are following for you off the san mateo coast. the coast guard launching a search for two fishermen who went missing after their boat capsized. the accident happened at about 10:30 this morning about 20 miles south of half moon bay. two other people in the boat made it safely to shore. the mi
oracle customers some of the access to their mapping products, so we'll continue to watch that, and you know mapping has been such a big deal as apple has had such a hard time with the iphone 5. this is something interesting that nokia's doing along with oracle, and they've made some other deals with groupon and amazon. another thing with nokia, you can sees the higher today. the consulting and outsourcing group accenture has brought some internet protocol television assets from nokia, so this is something we'll continue to watch, and this will bolster the video capabilities of accenture, so two pieces of news featuring nokia, but as i noted, that is nearly an 8% gain for this mobile phone company. certainly a big move on a day where we do have a rally, which we've lost some of it, but a great move for nokia today. pack to you. ashley: thank you very much, nicole. let's go out to the cme and sandra. take it away. >> reporter: hey, ashley. well, some of your biggest movers on the cme today were in the energy sector. take a look at natural gas prices jumping 5 president on the session. we
this ban. >>> what's still ahead for the estimated 50,000 attendees at the oracle world conference in san francisco. what appears on the surface to be an understated example of unequaled american achievement, is actually an extremely sophisticated apparatus of goodness and flavor, bonded together by a perfectly aged, all natural, tasty... gooey... blanket of love. >>> the you city of -- the city of richmond is set to reach out to chevron. this follows weeks of criticism after the massive fire at the refinefully august. the city wants chevron to help create a research campus at the marina bay. city council believes this could be a green tech center. >> i mean, chevron has sort of acknowledged that -- in a number of ways that -- that they want to increase their presence in richmond. >> the city council is expected to make their request tomorrow. chevron has said it is not in a position to make any long-term investment decision until a plan to modernize it is successfully submitted. >>> pg&e crews want to warn people of possible odors say near highway 280 and edgewood road. and this is part
. >>> today's day three of oracle's world conference. now, ceo, larry ellison, will be delivering the keynote speech about cloud computing and social media. this runs through thursday. >>> they will be outside. more hot weather a's. it may even be -- ahead. it may even be hotter today. up next, steve paulson will have the forecast for your area. >>> and it's pretty slow in the south bay right now. i will give you an update on that commute. ♪ [ female announcer ] at yoplait, we want you to feel even better about your favorite flavors. so when you call, tweet, and post, we listen. that's why yoplait light and yoplait original are now made with no high fructose corn syrup. and why we use only natural colors and natural flavors in yoplait original. so, anything else we can do for you, let us know. but you'll keep it to yogurt, right? 'cause we shouldn't really help with your love life. yoplait. it is so good! >>> sexual assaults are on the rise around the uc berkeley campus. that's according to a new police report. uc campus police say 24 cases were reported last year compared to only four in 2
which is up 5 1/4%. oracle also higher today, and this is on a deal that nokia is expected to announce. we will get more details, but we heard from the "wall street journal" yesterday that they are now working with oracle and now oracle will have some maps and some of that. now, nokia has been working hard on maps with other companies such as groupon and amazon, and all of this is to compete with apple as it has the maps. so this is why nokia is powering forward with maps. back to you. dagen: thanks. >>> breaking news europe's markets are just closing. ashley webster is here with the details on people with long names. ashley: buy them a vowel. dagen: every day. ashley: first day of the quarter begins with a nice bounce on the european markets. could have been helped by the ism number here in the u.s. i think it is the ryder cup bounce. sorry. dagen: hurt me. hurt me. ashley: you know what? ftse up about 1 1/2%. the cac up 2 1/2%. the dax up 1 1/2%. that's the last i'm going to say about the ryder cup. greece's brutal recession will stretch into a sixth year next year when the economy w
budget. >>> elsewhere, on the heels of apple's flawed debut of its new mapping app, nokia and oracle customers will have access to nokia's data and location services. >> hewlett-packard is set to roll out a new tablet device today that will work with microsoft's new windows 8 operating system. the elite pad 900 comes at a time when, according to new research, half of all adult americans now own either a tablet computer or a smart phone. >>> and finally, who says that crime doesn't pay? two guns that belonged to famed partners in crime bonnie and clyde sold to an anonymous buyer for just over half a million dollars at an auction over the weekend. >>> a quarterback makes history, and nfl teams break out a bag of tricks. >>> plus, a colossal collapse at golf's ryder cup championship. your "first look" at sports is straight ahead. you're watching "first look" on msnbc. does your phone give you all day battery life ? droid does. and does it launch apps by voice while learning your voice ? launch cab4me. droid does. keep left at the fork. does it do turn-by-turn navigation ? droid does. wi
is shut down between 3rd and 4th. they have oracle open world going on in that area. so it really has been causing a mess of a commute. my traffic producer says every day she has to take bart if she is in that area because there's just such congestion around that south of market area because of that one block of howard being closed. back outside, here's a live look "timesaver traffic" camera this is the nimitz, dark, but the oakland coliseum is there in the distance. taillights are moving northbound and overall, it's a nice drive between hayward and downtown oakland. similar story if you are commuting even farther south through milpitas. a live look at 880/237. mass transit is on time of the we have been off to a great start including all those bart trains. that's a check of your "timesaver traffic." traffic and weather together every 10 minutes, back to you. >> thank you. >>> a new report says nearly all americans will see higher taxes if congress fails to renew tax cuts set to expire at the and of the year. the two major parties are split on exactly who should continue to have reduced ta
, a special interview, oracle co-founder, ceo and third richest american, larry ellison will be our special guest. each week keep it here where wall street meets main street. have a great week, everybody. i'll see you again next week. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services.
me for a special intervi oracle cofounder and ceo and the third richest american larry elliston will be our special guest. keep it here where wall street meets main street. have a great week, everybody. i will see you next weekend. this country was built by working people. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference.
1.2%. >>> speaking to maria bartiromo, oracle says customers are starting to spend more of their i.t. budget. >> there isn't a customer we don't have who is on an austerity plan and innovation agenda at the same time. people are trying to save money at the same time to free them up to be able to invest. >> don't forget tune into u.s. closing bell later today as maria sits down with larry ellison for an exclusive interview at 4:00 p.m. eastern. we'll take a short break. still to come on this morning's "worldwide exchange," we'll be in madrid, the latest unemployment data put further pressure on the spanish government to ask for a bailout. today from around the world. the bailout rumor mill working overtime for spain. the country sees unemployment rise again in september. banks a wait an eu report which is expected to recommend splitting retail and investment banking. and jpmorgan is hit by a lawsuit over bear stearns mortgage securities. the bank says it will contest the charges. spain saw more jobs lost in september as the crisis and austerity measures continue to weigh on the labo
oracle customers access to nokia's map services. the agreement would be announced today at the oracle world conference. i've never known that maps would be so important in everybody's lives. such big important -- >> huge. >> saw something over the weekend about -- >> ever a day when apple gets maps? >> apple has a lot of money. if they just start pouring all money they have into making this better, they've gotten the message. >> i talked to engineers on bring that said it is impossible, it might take you three years to get the information to be correct. it's actually the data. >> and google has truck has go up and down -- carl had written that one drove by his, the google truck that has the camera going around. >> you can't just write an al go rhythm that finds every single side street. it's a lot of roads. >> use everybody who has an iphone to replicate what google has done by having people literally use their iphone to actually take pictures of buildings. >> to help? >> yes, to help to try to recreate crowd sourcing operation. >> i'm not helping. that could be a tux tie. >> it's a w
, effective october 22nd. he helped to restructure a software company that sold itself to oracle too. that's the kind of activist cfo yahoo! needs. the fact that she picked him tells them they're going in the right direction. the plan we will hear more about when they report in two weeks, i think the stock can start marching higher. the reason is simple. the company can get aggressive about unlocking the pieces, and yahoo! has got a lot to unlock. last week goldman sachs came out with a terrific piece. i said i'm changing my mind. this is really good research where they added yahoo! to the buy list based on the sum of the parts analysis, some of the most rigorous analysis on yahoo!. let's go through the pieces. first, yahoo! owns a major stake in ali baba, like the ebay and paypal of china. the old management didn't know what to do with it. that changed back in may when mayer's predecessor interim ceo ross levinsohn worked out a deal to have ali baba buy back half of yahoo's position. this sale closed less than two weeks ago with yahoo! netting $4.2 billion in cash after taxes and fees. an
at some qualcomm, microsoft. you could nibble at some oracle. >> but you're only nibbling. >> i would buy more aggressively apple here. this is what happens every time apple comes out with a new product. there's overdemand. there was a riot last week. everybody is down on the maps with apple. apple -- >> you think that's all noise? >> the lines -- go up town and look at the lines for this new apple iphone 5. we're still believers in apple. i think you could take some -- you start to spoon some technology stocks on to your plate here. >> what about financials, steve? i mean, s&p capital iq is expecting financials to see a real bounce back in the fourth quarter. very strong. almost 6% earnings growth. they're saying lbo activity was stronger. you're talking about mortgage-backed securities. that's going to be stronger. would you buy the financials or have we seen the move in that group? >> you know, we've had a great run in the big banks. we've owned them. we're sticking with them. where the real opportunity now is, you know, you got cap one financial, a cheat stock, good business model. bi
on see it on tv. oracle team u.s.a. brings america's cup to everyone today. they will experience fan precious day and encountered a catamaran. america's cup itself the oldest trophy in sports is himself going to be on display. it will at the pavilion from 10:00 to 5:00 today. let's check in with lisa and see was the forecast looks like. >> lisa: above the marine layer it's a beautiful sunrise but we do have low clouds and fog and poor visibility. one spot is mountain view. hard to believe it's spare-the-air day. 50s at the coast and sunshine is on tap by mid-morning. so for pacifica the fog is so cue but you lose it altogether and we'll be in the low 60s at our coast. we are talking about a big warmup today, return to more low to mid 90s in the tri-valley, upper 70s across the bay. 82 in palo alto. we got the full moon tonight. should be nice and clear tonight with 60s and we're talking about excessive heat watch throug
this for a while now for at least much of this week started last week, oracle open world they have those street closures on howard between 3rd and 4th causing bad traffic tie-ups south of market. it is no longer a "spare the air" day even though it's going to be hot again. we'll talk to lawrence in a minute. but yeah, no "spare the air" but you can always use mass transit. so far there's no delay. we'll go outside show you some live traffic cameras. here's a live look at the south 101, near mckee in san jose and a few more cars hitting the roads at 5:15. taillights are moving southbound. northbound traffic looks good this morning heading towards santa clara. we'll get a quick look at the san mateo bridge now where westbound 92 taillights that's the commute direction. so far looks great out towards the high-rise. 14 minutes out of hayward towards the other side. that's a check of your time- saver traffic. here's lawrence. >> you were loving it yesterday a lot of folks loving to see the heat for a while now. looks like this will be it and things will be changing. we're mild outside now, skies mos
. but it's been causing just a mess right there by moscone center oracle open world. that's what's going on. once again, everything looks good for mass transit. we haven't had any issues on mass transit, so all trains heading into downtown are right on schedule. that's a check of your "timesaver traffic." and like we say, we have traffic and weather together every 10 minutes. so here's my buddy next to me, lawrence. >> oh, sure, everybody wants to be my friend when it's sunny outside! lots of hot temperatures around the bay area, today again very similar. mostly clear skies, all the way to the coastline. we're looking good and some very mild temperatures to start out the day. in fact, by the afternoon, with mild temperatures, it is going to get hot. probably some triple digits showing up in some of the valleys and then we'll start to see some gradual cooling but for know that ridge of high pressure is in place so one more hot day for today. and then we'll begin to see some cooldown as this area of low pressure approaches the coastline. that will usher in more low clouds and fog and drop the
following breaking headlines. looking at nokia in particular. nokia now agreed to give oracle customers access to its mapping products. so obviously we have nokia, the mobile phone company, just trying to expand its location services business. you may remember that apple had a lot of serious issues with their mapping services. nokia has been working really hard on mapping, to sign mapping deals with groupon and amazon. this is the same time apple is working on that deal. nokia up 8%. back to you. ashley: very good. tracy: we'll check back with you in 15 minutes, nicole. ashley: tracy, doesn't like syrup on her pancakes. tracy: i don't. i don't use condements. no ketchup, mayonnaise, mustard or syrup. ashley: i just don't get it. is the u.s. economy in a double-dip recession no one knows about? even though we're up big today, economists are saying key economic data is being ignored. why? what is it? liz macdonald joins us. >> we had a wall street executive jon huntsman. he said we're already in recession. it started in the middle of the year. who else but ben bernanke is weighing in whet
. you may be familiar with the july 21st "the wall street journal" editorial washington's tax oracles, that editorial calls in to account jct complete revenue miss with respect to the 2003 capital gains tax cut. bottom line instead of the cost the government revenue the capital gains cut generated tax revenue significantly higher revenue, i think, as we seek to do reform it's critically important we can rely on the revenue estimates from jct. given your experience with the last major reform effort, as jct's chief, you know doubt can appreciate the importance of getting revenue estimates right, mr. brockway. don't you believe there is indeed a need for city nam -- dynamic impact when it comes to lower capital gains. don't you believe it can have a positive macroeconomic input -- what are your thoughts, please? >>. >> is your microphone on? >> i have no doubt that changes in the tax code can have some economic effects. i think it's a political issue, not a scientific issue as to what that economic effect will be. i don't think the staff should be delegated the responsibility to decide.
to my wife. the oracle says reported fourth century fragment is a fake. it cites concerns about the way in which this fraying meant was purchased. >>> i'm suzanne malveaux. this hour of cnn newsroom, mitt romney's campaign says the president likely will win the debate next week, and he tells us why. >>> also, new pictures from the mars rover show water flowed on the red planet in a big way. plus, a group of runners hit the road to fight the obesity statistics among black women. we road along with them and decided to take a look. let's get right to it. >>> mitt romney raising cash and rallying his supporters for 39 days to go until the presidential election. both romney and mitt romney speaking at fundraisers today. romney held one earlier in philadelphia. the president has one later in washington. at a campaign rally last hour at a military acted any many pennsylvania romney hammered away at the president over the economy. >> i have to tell you that i don't know how a single person who goes to this institution could consider voting for the incumbent for president. i say that for this re
, but when you think about icht t. spending, it is oracle and cisco. the one thing confusing for me is ibm, sap, they both said business is quite strong. accenture just said these are strong. imperricly he's wrong. anecdotely he's right, imperricly he's wrong. >> not just highs but record highs in yesterday's recession. we are seeing the providers do well in today's stock market. >> i'm surprised how often it comes up when i have decision makers talking with me they are unwilling to commit additional capital as needed. we hear it from our guests, it comes up time and again. it is somewhat overstated. can it be paralyzing business to such an extent? but it is there and i think stories like today's "new york times" which indicate perhaps -- >> you mean sorkin. >> no, progress on the front page of "the new york times" perhaps that will be embraced. imagine what would happen if we dealt with the budget deficit in a meaningful way and did deal with the issues? one thinks the uncertainty cloud goes away. if it doesn't, there's something else going on. >> i was referring to a sorkin column arguin
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